NZD/USD news:
🔆The US House of Representatives has approved President Donald Trump’s $4.5 trillion tax cut plan, which aims to overhaul the tax system, stimulate economic growth, and ease regulations to foster a more business-friendly environment. This has contributed to a strong rebound in the US dollar.
🔆Additionally, investors anticipate that Trump’s tax policies could drive inflation higher, potentially compelling the Federal Reserve to maintain a tight monetary policy stance.
🔆In Asia, US 10-year bond yields increased by 0.5%, further supporting the greenback.
🔆Meanwhile, the New Zealand dollar has weakened since Friday, following the Reserve Bank of New Zealand’s (RBNZ) February 19 policy decision to cut the official cash rate by 50 basis points to 3.75%, as expected. This rate cut has made the NZD less appealing compared to the USD.
Personal opinion:
🔆The NZD/USD pair still maintains the current downtrend. The USD has more room to increase compared to the underperformance of the NZD.
Analysis:
🔆Based on fundamental information combined with important resistance - support levels and trend lines to come up with a suitable
plan
🔆Price Zone Setup:
👉Buy NZD/USD 0.5690 - 0.5700
❌SL: 0.5740 | ✅TP: 0.5660 – 0.5600 – 0.5550
FM wishes you a successful trading day đź’°đź’°đź’°
🔆The US House of Representatives has approved President Donald Trump’s $4.5 trillion tax cut plan, which aims to overhaul the tax system, stimulate economic growth, and ease regulations to foster a more business-friendly environment. This has contributed to a strong rebound in the US dollar.
🔆Additionally, investors anticipate that Trump’s tax policies could drive inflation higher, potentially compelling the Federal Reserve to maintain a tight monetary policy stance.
🔆In Asia, US 10-year bond yields increased by 0.5%, further supporting the greenback.
🔆Meanwhile, the New Zealand dollar has weakened since Friday, following the Reserve Bank of New Zealand’s (RBNZ) February 19 policy decision to cut the official cash rate by 50 basis points to 3.75%, as expected. This rate cut has made the NZD less appealing compared to the USD.
Personal opinion:
🔆The NZD/USD pair still maintains the current downtrend. The USD has more room to increase compared to the underperformance of the NZD.
Analysis:
🔆Based on fundamental information combined with important resistance - support levels and trend lines to come up with a suitable
plan
🔆Price Zone Setup:
👉Buy NZD/USD 0.5690 - 0.5700
❌SL: 0.5740 | ✅TP: 0.5660 – 0.5600 – 0.5550
FM wishes you a successful trading day đź’°đź’°đź’°
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âś… t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.